Tuesday, November 15, 2011

Freddie Mac Blacklists Mortgage Foreclosure Mill

I do not know anything about the firm in question other than they settled for $2 million with Federal and NY state governments concerning their questionable legal billings. There was apparently as well some inappropriate costumes during a Company Halloween party which mocked people who had been thrown out of their homes. Now, they are blacklisted by Freddie. Since this was probably their largest source of business (and now large banks will likely view them as damaged goods), my opinion is that they are about to unravel.



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